Berlin, Germany (09 April 2021)—INAM, the Innovation Network for Advanced Materials, is pleased to announce Exponential Technologies (xT) as their newest startup member.
“After recently partnering with a Berlin-based early-stage venture capital fund and actively engaging with German industrial companies, we decided that establishing a presence in the local material innovation ecosystem would be a natural next step,” said Girts Smelters, Co-Founder and CFO of xT. “We believe that we can add significant value to the INAM network with our services and we aim for striking long-lasting partnerships with the members of this community.”
Currently the most commonly used approach to find new chemical formulations and processing parameters is the use of classical Design of Experiments (DoE) software often in combination with statisticians, data scientists or DoE experts. DoE software is complicated and requires expert knowledge in statistics. This means, if a company is big enough to hire expensive DoE experts, researchers have to book slots with the limited number of available DoE specialists which leads to bottlenecks in the R&D process of many industrial companies. Most SMEs won’t even be able to effort DoE experts, which forces them to use less efficient research methods like one-factor-at-a-time (OFAT) or grid optimization.
Exponential Technologies Ltd. (xT) was founded in 2019 by the 3 co-founders Pavel Cacivkin, Matthias Kaiser and Girts Smelters to address these challenges.
xT SAAM automates this process by combining classical DoE methods with novel AI algorithms. This allows domain experts and laboratory personnel to run experiments without the need of DoE experts in a fast and efficient manner. Data scientists and DoE experts can then concentrate on high level data analysis using our integrated data science tool set. Compared to other techniques xT SAAM finds satisfactory results with less samples required, which additionally reduces R&D time and cost.
"Being a global industrial powerhouse, my home country Germany was always one of our major focus markets. Now, with our membership with the INAM network and our recent investment from APX further strengthens this connection. We are looking forward to many upcoming projects with the German chemical and material industrialists and we also hope to include some of the fellow INAM Members on our list of satisfied customers and partners," explained Matthias Kaiser, Co-Founder & CEO of xT, and a Frankfurt native. “Germany is in the midst of a massive digital transformation, and xT wants to establish itself as a major driver of this shift towards the next generation of industrial technologies.”
With their partner Evonik Industries, xT could show strong results in the field of chemical formulation. Projects in the field of production anomaly management, biotech and additive manufacturing all have led to astonishing results.
To learn more about Exponential Technologies, visit their website https://www.x-t.ai/
About INAM
INAM, the Innovation Network for Advanced Materials, is a global network of companies and research institutes in the field of Advanced Materials. INAM’s goal is to enable the right connections and make technological innovations become reality by working closely with startups, SMEs, corporations and research institutes to start, grow and transform the development of Advanced Materials.
For more information visit: https://www.inam.berlin/
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